PTL : Little change here
April 12, 2011 Leave a comment
On April 6th we commented on PTL : “PTL may need a short while longer to post a major attack on resistance at 24.70-24.80, but a breakout here should see it spike to at least 29, if not 30-31, or even 33.
For now, it might just be worth a look on a dip to support near 23.30 or so, and then hold for a few weeks for targets to be hit, albeit with a 4-5 spread stop loss in place.”
We don’t have much more to say really, and until it shows us the volume we will stay clear as there are many other stocks worthy of more attention than this fallen star. It may miss this entire rally, or it might have a late spike, but overall its chart set up is one to we wary of, and our best advice is to look elsewhere for the most part until such times as there is a more bullish chart to discuss.